Stock Analysis
- Brazil
- /
- Water Utilities
- /
- BOVESPA:SBSP3
Companhia de Saneamento Básico do Estado de São Paulo - SABESP Full Year 2023 Earnings: Beats Expectations
Companhia de Saneamento Básico do Estado de São Paulo - SABESP (BVMF:SBSP3) Full Year 2023 Results
Key Financial Results
- Revenue: R$25.6b (up 16% from FY 2022).
- Net income: R$3.52b (up 13% from FY 2022).
- Profit margin: 14% (in line with FY 2022).
- EPS: R$5.16 (up from R$4.57 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Companhia de Saneamento Básico do Estado de São Paulo - SABESP Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 4.5%. Earnings per share (EPS) also surpassed analyst estimates by 6.0%.
Looking ahead, revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Global Water Utilities industry.
Performance of the market in Brazil.
The company's shares are up 5.0% from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 1 warning sign for Companhia de Saneamento Básico do Estado de São Paulo - SABESP you should be aware of.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About BOVESPA:SBSP3
Companhia de Saneamento Básico do Estado de São Paulo - SABESP
Provides basic and environmental sanitation services in the São Paulo State, Brazil.
Proven track record with moderate growth potential.